Ryanair makes profit in Christmas quarter

Ryanair makes profit in Christmas quarter
Image: (EPO)

At a good 202 million euros, the surplus in the third business quarter up to the end of December almost exactly matched the amount of around 200 million announced at the beginning of January, as the company announced on Monday in Dublin. In the second Corona winter a year earlier, Ryanair was still in the red with 96 million euros. With the latest result, Ryanair boss Michael O’Leary sees the company on course to achieve a profit of 1.325 to 1.425 billion euros in the current financial year by the end of March, adjusted for special effects.

In the past quarter, Ryanair carried 38.4 million passengers, 24 percent more than a year earlier. Sales even jumped by 57 percent to 2.3 billion euros. This was mainly due to the increase in ticket prices: According to the information, flight tickets were 48 percent more expensive on average than in the same period last year and cost 14 percent more than before the corona pandemic.

In the entire financial year, Ryanair wants to reach 168 million passengers. However, the management makes its forecasts subject to the proviso that no unfavorable developments complicate business – such as possible consequences of the pandemic and the Russian war of aggression in Ukraine.

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